You obviously have no idea how the crypto/altcoin market works.
I’m sorry but you truly don’t. The fact that you refer to “faithful” supporters alone say it all. And not only do you not understand crypto, you don’t understand even traditional startups and investment sentiments.
First of all every new token is an entirely new project.
Like every project they need funding, funding, time, and most of all investor confidence.
If you look into tokens that are not only performing now but with good investor confidence, they have good community that assures new investors in times of turbulent crypto market prices. They have good community members who take the effort to help out with PR so the team can focus more funds on getting coders and actual work done.
I’ll give you an example. If someone have $1M on their hands, comes looking and shortlisted 3 tokens: 1) IOTA, 2) TenX and 3) Safex.
First thing they do is go to the websites. Read up and watch youtube videos. And then maybe they will be more cautious and the last thing they will do is take a stroll through the community groups and forums.
The moment they spotted a post like the fuck up you wrote, they’re out. Why? Why would they be confident if someone holding the tokens are whining? You are doing exactly what it takes to reduce your entire investment to ZERO. And the more you panic, the more your investments will be gone when it comes to altcoin investment.
Now i would advise you to really truly investigate and research more on crypto before you lose your cool and start rants like this one.
Lastly, i would like to end with providing a summary of what is actually happening in the altcoin markets right now.
Most of the initial ICOs which actually have good work progress done, and had good team and tremendous backing are performing poorly now. Why?
- CHINA ICO Ban.
The first event that started a flash crash is because of the China ICO ban. The event sent shock throughout the cryptoworld, and crypto supporters are the ones who remain mostly unfazed. Unfortunately by that time there are already alot of dumb money - the kind of people who refuse to do market research + token research + investor sentiment research before they put money on anything.
These are the morons who put money and goes “MOON MOON BIG MONEY BIG MONEY GIMME MONEY FAST AND WHEN I EXPECT IT BIG MONEY!”.
So naturally fear gripped them the hardest and they sold in fear. Buying high and selling low. These whiners go around their original community spreading fear and investors confidence dropped, crashing the demand and prices.
- ICO epdiemic.
But ICOs are popping up like weeds right now. So every now and then an ICO company pops up and say “WE ARE THE MOON TOKEN WE GO TO MOON YEAH BABY WE ARE THE NEXT BEST THING SINCE SLICED BREAD YEAAAHHHH” and every single one of those morons will pump money into it.
This actually spreads money very thin. Everytime a new ICO pop up you see the prices of previous ICOs go lower as they sold their investments to buy in on the next best thing. Now, you starting to get a feel of what causes market price movement? Ok…
BTC spike since BCH.
When BCH came up, everyone wanted to get FREE TOKENS. What happens then is that people are tripping over each other to sell their altcoins to get BTC for the free BCH.
When this ended there is a slow movement back into altcoins. Everyone saw the slow recovery. The slow progress is due to uncertainty in the market for crypto as the fate of regulator’s acceptance for crypto remains unknown.
Growing acceptance by regulators
Another run up for BTC saw slower transfer of BTC back into altcoins
The same thing that happened with BCH is happening again with BCG and this time with greater punch because most people saw how rich people with free BCH tokens got.
Frightened +grieving investors
These investors, LIKE YOU, are spreading more fear in their own token community and in so doing, spread more uncertainty and signals to new investors “SEE WHAT I AM DOING? THIS TOKEN IS NO GOOD. TOP INVESTING. DONT BUY IN. GO AND TELL YOUR FRIENDS WHAT YOU SAW ME TYPE SO MY INVESTMENTS WILL TRULY BECOME ZERO YEAHHHHH I AM SO SMART I RANT FRIGHTENED YEAAHHHHHHHH”
This, this is seen in all previous ICOs. Even the BIG TEAMS with solid backing see such fear being spread through their community in these turbulent times. Ok? What you are seeing now is normal. You need to understand that. Stop being a whiner and actually do something to HELP YOUR OWN INVESTMENT.